Envestnet Asset Management Inc. Sells 4,893 Shares of Teradata Co. (NYSE:TDC)

Envestnet Asset Management Inc. lessened its holdings in Teradata Co. (NYSE:TDCGet Rating) by 9.6% in the second quarter, Holdings Channel reports. The institutional investor owned 45,991 shares of the technology company’s stock after selling 4,893 shares during the period. Envestnet Asset Management Inc.’s holdings in Teradata were worth $1,702,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. US Bancorp DE raised its holdings in Teradata by 18.6% in the 2nd quarter. US Bancorp DE now owns 2,071 shares of the technology company’s stock valued at $77,000 after buying an additional 325 shares during the last quarter. Yousif Capital Management LLC raised its holdings in Teradata by 0.6% in the 2nd quarter. Yousif Capital Management LLC now owns 59,886 shares of the technology company’s stock valued at $2,216,000 after buying an additional 335 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Teradata by 4.8% in the 1st quarter. Russell Investments Group Ltd. now owns 13,577 shares of the technology company’s stock valued at $672,000 after buying an additional 618 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Teradata by 48.6% in the 1st quarter. Lazard Asset Management LLC now owns 1,933 shares of the technology company’s stock valued at $95,000 after buying an additional 632 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in Teradata by 6.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 11,854 shares of the technology company’s stock valued at $861,000 after buying an additional 677 shares during the last quarter. Institutional investors own 94.86% of the company’s stock.

Teradata Stock Performance

NYSE TDC opened at $31.83 on Friday. The company has a fifty day simple moving average of $31.15 and a 200 day simple moving average of $34.60. Teradata Co. has a 12-month low of $28.65 and a 12-month high of $52.53. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 2.31. The company has a market cap of $3.24 billion, a P/E ratio of 48.23, a PEG ratio of 1.62 and a beta of 0.99.

Teradata (NYSE:TDCGet Rating) last posted its quarterly earnings results on Monday, November 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. Teradata had a net margin of 4.02% and a return on equity of 34.61%. The business had revenue of $417.00 million during the quarter, compared to the consensus estimate of $423.10 million. During the same quarter last year, the firm posted $0.24 EPS. Teradata’s revenue was down 9.3% compared to the same quarter last year. Sell-side analysts predict that Teradata Co. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TDC shares. StockNews.com upgraded shares of Teradata from a “hold” rating to a “buy” rating in a report on Saturday. Barclays lowered their price target on shares of Teradata from $36.00 to $33.00 and set an “underweight” rating for the company in a report on Tuesday, October 18th. Morgan Stanley lowered their price target on shares of Teradata from $50.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, October 17th. Craig Hallum lowered their price target on shares of Teradata to $40.00 in a report on Tuesday, November 15th. Finally, Royal Bank of Canada lowered their price target on shares of Teradata from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $45.89.

Teradata Profile

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Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.

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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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